All fees are subjected to 15% Value Added Tax (VAT)

Residential Finance (Bayti) and Subsidized financing Murabaha

Tenure (Years) 10
Commitment No Commitment
Profit Type Murabaha
First Home Yes
  Subsidized Financing based on property price Financing based on property price
Property Price 800,000
Market value 840,000
Down Payment  (10%) or (5%) 80,000-40,000 (10%) 80,000
Tenure (Months) 120
Profit Rate 3.55% 3.55%
Net Financed 760,000.00 720,000.00
Total Financed 1,018,400.00 975,800.00
Monthly installment  8,581.67  8,130.00
FTV 90% or 95%  90%
Settlement Type Profit+Principal
APR 6.74% 6.74%
Management Fees 5,000.00 5,000.00
Settlement Type Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/06/2024

Examples Based on Income

Salary 10,000 15,000 25,000
Down Payment 78,100.00 234,000.00 248,520.00
Tenure (Months) 240 240 240
Finance Type Murabaha Murabaha Murabaha
Profit Rate 3.89% 3.89% 3.89%
Principal Amount 781,065.00 1,384,615.00 2,485,207.00
Total Finance Amount 1,388,733.57 2,461,845.47 4,418,698.05
FTV 90% 90% 90%
Monthly Installment 5,786.39 10,257.69 18,411.24
Settlement Type Principal + Profits Principal + Profits Principal + Profits
APR 6.70% 6.70% 6.70%
Management Fees 5,000 5,000 5,000
Early Settlement Fees Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure. Three months profit+ (Principal +Profit) that hasn’t been paid during the first two years of the loan tenure.

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/06/2024

Pricing List

Product Profit Type Minimum Profit Rate APR
Residential Finance/Subsidized Funding/Investement and Equity Release  Murabaha/Tawaroq 3.25% 7.35%
Refinance Murabaha 3.71% 8.26%
Residential Finance and Refinance (Non Enrolled - Non Salary Transfer) Murabaha 3.71% 8.26%

* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 01/06/2024

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